NEWAS

N.E.W. Advisory Services Portfolio holdings

AUM $1.31B

This Quarter Return

-1.43%

1 Year Return

+5.48%

3 Year Return

+15.49%

5 Year Return

+73.08%

10 Year Return

–

AUM

$1.31B

AUM Growth

+$254M (+24%)

Cap. Flow

+$271M

Cap. Flow % of AUM

20.71%

Top 10 Holdings %Top 10 Hldgs %

51.45%

Holding

897

New

708

Increased

151

Reduced

Closed

Top Buys

1	Vanguard Total Stock Market ETF VTI	$39.3M
2	SPDR Portfolio S&P 500 Value ETF SPYV	$17.7M
3	First Trust Core Investment Grade ETF FTCB	$14.6M
4	JPMorgan Hedged Equity Laddered Overlay ETF HELO	$12.1M
5	JPMorgan Core Plus Bond ETF JCPB	$8.85M

Top Sells

1	First Trust Smith Unconstrained Bond ETF UCON	$7.22M
2	Dimensional International Value ETF DFIV	$1.45M
3	HTLF Heartland Financial USA, Inc. HTLF	$431K
4	American Healthcare REIT AHR	$415K
5	SILA Sila Realty Trust, Inc. SILA	$286K

Sector Composition

1	Financials	3.14%
2	Technology	2.93%
3	Consumer Staples	1.71%
4	Consumer Discretionary	0.86%
5	Industrials	0.66%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Vanguard Large-Cap ETF VV $43.5B	$12.4M	0.95%	48,102 +24,818	+107%	+$6.38M
27	27 Schwab US Large-Cap Growth ETF SCHG $45.8B	$11.7M	0.9%	467,100 +245,730	+111%	+$6.15M
28	28 Vanguard FTSE All-World ex-US Small-Cap Index Fund VSS $9.51B	$11.5M	0.88%	99,508 +16,018	+19%	+$1.85M
29	29 First Trust Rising Dividend Achievers ETF RDVY $15.6B	$11.4M	0.87%	195,077 +98,852	+103%	+$5.79M
30	30 Vanguard Growth ETF VUG $181B	$11.3M	0.86%	30,352 +4,937	+19%	+$1.83M
31	31 SPDR S&P International Small Cap ETF GWX $732M	$10.9M	0.84%	342,048 +11,816	+4%	+$378K
32	32 JPMorgan US Quality Factor ETF JQUA $6.58B	$10.9M	0.83%	192,932 +100,851	+110%	+$5.7M
33	33 iShares MSCI EAFE Value ETF EFV $26.9B	$10.6M	0.81%	179,345 +25,099	+16%	+$1.48M
34	34 First Trust Growth Strength ETF FTGS $1.19B	$9.06M	0.69%	304,673 +157,509	+107%	+$4.69M
35	35 DNP Select Income Fund DNP $3.66B	$8.73M	0.67%	882,284 +400,688	+83%	+$3.96M
36	36 JPMorgan Diversified Return US Mid Cap Equity ETF JPME $366M	$8.62M	0.66%	85,676 +44,149	+106%	+$4.44M
37	37 First Trust RBA American Industrial Renaissance ETF AIRR $4.38B	$8.19M	0.63%	120,006 +62,247	+108%	+$4.25M
38	38 SPDR Portfolio Short Term Corporate Bond ETF SPSB $8.17B	$7.61M	0.58%	252,840 +111,339	+79%	+$3.35M
39	39 SPDR S&P Emerging Markets Small Cap ETF EWX $725M	$7.39M	0.57%	130,584 +12,375	+10%	+$701K
40	40 SPDR Bloomberg International Corporate Bond ETF IBND $411M	$7.13M	0.55%	241,798 +105,934	+78%	+$3.12M
41	41 Dimensional International Value ETF DFIV $12.6B	$6.61M	0.51%	167,825 -36,804	-18%	-$1.45M
42	42 Vanguard Value ETF VTV $141B	$6.16M	0.47%	35,641 +6,549	+23%	+$1.13M
43	43 JPMorgan Equity Premium Income ETF JEPI $41.3B	$5.94M	0.45%	103,970 +31,858	+44%	+$1.82M
44	44 Amazon AMZN $2.46T	$5.64M	0.43%	29,654 +5,331	+22%	+$1.01M
45	45 JPMorgan International Research Enhanced Equity ETF JIRE $7.93B	$5.26M	0.4%	82,553 +42,451	+106%	+$2.7M
46	46 IBM IBM $243B	$4.43M	0.34%	17,822 +513	+3%	+$128K
47	47 WEC Energy WEC $35B	$4.38M	0.34%	40,161 +2,142	+6%	+$233K
48	48 Nicolet Bankshares NIC $2.02B	$4.3M	0.33%	39,448 -547	-1%	-$59.6K
49	49 Vanguard Information Technology ETF VGT $97.4B	$4.21M	0.32%	7,757 +735	+10%	+$399K
50	50 Invesco QQQ Trust QQQ $358B	$4M	0.31%	8,535 +2,577	+43%	+$1.21M